Hewlett Packard Enterprise (NYSE:HPE) Shares Sold by Argyle Capital Management Inc.

Argyle Capital Management Inc. cut its position in Hewlett Packard Enterprise (NYSE:HPE) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,175 shares of the technology company’s stock after selling 29,100 shares during the period. Argyle Capital Management Inc.’s holdings in Hewlett Packard Enterprise were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HPE. Authentikos Wealth Advisory LLC purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $31,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter valued at approximately $33,000. Salem Investment Counselors Inc. increased its position in shares of Hewlett Packard Enterprise by 180.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,961 shares of the technology company’s stock valued at $33,000 after purchasing an additional 1,261 shares during the last quarter. ORG Partners LLC increased its position in shares of Hewlett Packard Enterprise by 111.4% in the 4th quarter. ORG Partners LLC now owns 2,615 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,378 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Hewlett Packard Enterprise in the 3rd quarter valued at $52,000. 80.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HPE. StockNews.com downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI reduced their target price on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set an “in-line” rating for the company in a research note on Friday, March 1st. Stifel Nicolaus reduced their price objective on shares of Hewlett Packard Enterprise from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Barclays cut their target price on shares of Hewlett Packard Enterprise from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. Finally, Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.91.

Hewlett Packard Enterprise Trading Up 1.2 %

HPE stock traded up $0.20 during midday trading on Friday, reaching $17.17. 9,189,538 shares of the company’s stock traded hands, compared to its average volume of 12,053,559. The company has a market capitalization of $22.32 billion, a P/E ratio of 11.84, a PEG ratio of 3.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a fifty-two week low of $13.65 and a fifty-two week high of $20.07. The business has a 50-day moving average price of $17.04 and a two-hundred day moving average price of $16.40.

Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Hewlett Packard Enterprise had a net margin of 6.81% and a return on equity of 9.12%. Hewlett Packard Enterprise’s revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. Equities research analysts forecast that Hewlett Packard Enterprise will post 1.4 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. Hewlett Packard Enterprise’s payout ratio is currently 35.86%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 18,323 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the transaction, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.